The Perlman Music Program Inc

Nonprofit profile at a glance

EIN
113247651
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
New York, NY, USA
Phone
2127218769
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Performing Arts Schools

Official website

Reported finances

Revenue
$10,906,603
Expenses
$3,577,550
Assets
$24,835,848
Liabilities
$184,173

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

20 people listed

Executive titles in this filing

  • TOBY PERLMAN (PRESIDENT AND FOUNDER)
  • PETER KEND (VICE PRESIDENT)
  • JIM TOTH (VICE PRESIDENT)
  • ANNA KAPLAN (EXECUTIVE DIRECTOR)

Highest reported compensation

  • ANNA KAPLAN (EXECUTIVE DIRECTOR): $232,326 total reported compensation
  • JESSICA DENARO (DIRECTOR OF DEVELOPMENT): $205,349 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

See schedule oyoung musicians of talent need support. Left alone with their gift, without the instruction and mentoring that allows them to thrive, eventhe most exceptional young artists will struggle, and many may fail toachieve their full musical potential. Without this next generation ofworld-class musicians, the musical world and its audiences will be thepoorer.the perlman music program welcomes young musicians of rare and specialtalent into a richly supportive musical community. Through intensivesummer programs, year-round mentoring, and on occasion, aninternational study or performance tour, the program offersunparalleled musical training for students, ages 12 to 30, who play theviolin, viola, cello and piano. With a faculty led by itzhakperlman and comprising some of the most gifted musical talents of ourtime, the program offers an artistic and personal experience thatchanges students lives forever.

What it reported doing in 2024

Travel programs - the travel programs consist of the biennial israel residency, mixing israeli students and students of the summer music school, and the sarasota winter residency, a two and a half week session at the end of the calendar year which takes place in sarasota, Florida, mixing students of the summer music school, chamber music workshop and the israel residency.

Operating model

Revenue model
Donor-supported. 88% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 92% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 46
  • Transparency & Controls: 75
  • Accountability: 100
  • Sustainability: 84
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 29.4%; rating input score 29
  • Program expense ratio: 71.6%; rating input score 72
  • Fundraising efficiency: $14.43 raised per $1 spent on fundraising; rating input score 49; 49th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 67.2%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 6.94; rating input score 88; 88th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 93; 93rd percentile among comparable filings
  • Officer compensation ratio: 12.2%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: -0.1% per year; rating input score 0; 10th percentile among comparable filings
  • Revenue growth: 4.6% per year; rating input score 100; 40th percentile among comparable filings
  • Asset growth: 5.6% per year; rating input score 100; 40th percentile among comparable filings

Details

  • Where the money goes: 29.4% of revenue deployed · 71.6% of spending went to programs
  • Governance: 17 of 17 board members independent · 8 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $2.6M in reported program spending
  • Leadership: top reported pay $232K · 20 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $469K reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 29/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 49/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 13/100.